Avaloq Banking Suite vs. SAP for Banking

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Avaloq Banking Suite
Score 8.0 out of 10
N/A
The Avaloq Banking Suite comprises a modular banking solution of back, middle and front office functionalities. Its complete integration allows end-to-end coverage of processes with maximum efficiency and flexibility. For the most expensive roles in the financial institutions, the Avaloq Banking Suite provides dedicated business applications with maximum…N/A
SAP for Banking
Score 8.2 out of 10
N/A
SAP offers banking software, with a wide range of features for customers of retail and commercial banks, featuring mobile and online self-service support, and on the institution side revenue, performance and risk management, along with payment processing and loan management.N/A
Pricing
Avaloq Banking SuiteSAP for Banking
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Avaloq Banking SuiteSAP for Banking
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Avaloq Banking SuiteSAP for Banking
Top Pros

No answers on this topic

Top Cons

No answers on this topic

User Ratings
Avaloq Banking SuiteSAP for Banking
Likelihood to Recommend
-
(0 ratings)
6.9
(5 ratings)
User Testimonials
Avaloq Banking SuiteSAP for Banking
Likelihood to Recommend
Avaloq
No answers on this topic
SAP
I think when we have a big company [than] managing the finance is not possible by manual or old data entry. Hence these are the solutions that make the task easier. Small scale requirements can be Managed by other means as banks might be charging the Premium from companies which may be costly for smaller companies.
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Pros
Avaloq
No answers on this topic
SAP
  • It helps with retrieving and updating information on the server.
  • I can easily retrieve information regarding credit for a customer and process information to provide [the] best solution.
  • SAP also assists in compliance management.
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Cons
Avaloq
No answers on this topic
SAP
  • migration is very tough and not easy to use tools, more [improvement] required in data migration tools.
  • Mobile applications are not user friendly in terms if UI design.
  • House banking configurations are complex for any changes and require intense knowledge for implementation.
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Alternatives Considered
Avaloq
No answers on this topic
SAP
I ll recommend SAP for Banking or other accordingly to the size of the company, if you are part of a global company and you need to have access to the big picture & All your assets then this is the right tool, if you have a small company or Fintech then you can work on an open source App
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Return on Investment
Avaloq
No answers on this topic
SAP
  • Harmonization in the data is reducing the reconciliation efforts
  • SAP provides a better innovation visibility in the banking solutions space
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ScreenShots